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Oil extends slump, but remains on track for a monthly gain Oil futures slumped Monday, building on the previous week's decline, which erased the spike that followed attacks on Saudi production facilities earlier in September. Prices, however, remained on track to post a monthly gain. West Texas Intermediate crude ...
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Pound ekes out slender gains against weak euro LONDON (Reuters) - Sterling edged up on Monday, benefiting in particular from the euro's weakness and shrugging off data pointing to a contraction in the UK economy as investor attention remained focused on Brexit news flow. FILE PHOTO: A shop ...
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Some WeWork employees are now worried that they have a 'black mark' on their resume Some employees worry that their time at WeWork could be a "black mark" on their résumés, according to a New York Magazine Intelligencer report Monday. Sebastian Gunningham recently warned employees the next few months would be difficult, according ...
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PayPal finds a way into China's huge business of digital payments New York (CNN Business) As western companies jockey for a way into China's enormous digital payments business, PayPal has clinched a license to provide digital payment services in China, following its acquisition of a majority stake in a Chinese ...
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'Strike pay' kicks in at $250 a week for GM union members as work stoppage hits home DETROIT – The financial burden of the United Auto Workers' strike against General Motors is expected to begin weighing more heavily on union members this week. While the work stoppage is estimated to be costing the Detroit automaker up to $100 million ...
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Apple's Newest iPhones Are Selling Better Than "Muted Expectations" iPhone volumes have been plateauing for a few years now, which is why Apple (NASDAQ:AAPL) has been trying to diversify its business into areas like subscription services. With the iPhone 11 Pro using the same overall design for the third consecutive year, ...
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Breakingviews - Cox: The gnomes of Zurich aren't boring enough ZURICH (Reuters Breakingviews) - Two custom-tailored wealthy men arguing at a champagne reception does not a Jason Bourne thriller make. Unless the combatants happen to be two of the most senior bankers in Zurich. This city's professionals are ...
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All Delta AmEx Cards Will Relaunch in 2020 With New Benefits If you have a Delta Air Lines credit card or are thinking about getting one, major changes will soon be appearing on your radar — and many of them are positive. The airline and its issuing partner, American Express, are overhauling the benefits offered by the ...
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Forever 21 founders borrowed $10 million from their daughters As Forever 21's botched international expansion morphed into a money-loser, its owners turned to a funding source less likely to say no: their own children. Founders Jin Sook and Do Won Chang borrowed $5 million in 2015 from the trusts for each of their ...
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Blackstone Snaps Up Colony Capital Warehouses for $5.9 Billion Blackstone Group Inc. has struck a deal to buy a portfolio of U.S. industrial warehouses from Colony Capital Inc. for $5.9 billion, including debt, furthering its bet on the continued growth of e-commerce. The deal is Blackstone's second major purchase of a ...
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Volkswagen Still Struggling With 'Dieselgate' Despite Trying to Shift Focus to Electric Efforts German auto giant Volkswagen Group is heading toward an electric future in full force. But regulators in the company's home country are making it hard for the century-old carmaker to leave its gasoline past behind. On Monday, Volkswagen rejected a judge's ...
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A Lamborghini Veneno Sells for Record US$8.27 Million An ultra-rare Lamborghini Veneno was hammered down at CHF8.2 million (US$8.27 million), a new world record price for a Lamborghini, after a seven-minute bidding war at a Bonhams auction in Geneva, Switzerland, on Sunday. The previous record was ...
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Stocks march higher as investors head to 3Q finish line NEW YORK (AP) - Stocks marched higher in afternoon trading Monday as investors moved closer to wrapping up a highly volatile quarter in which the market was buffeted by swings in the U.S.-China trade war. Technology stocks led the gains. Apple rose ...
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New Study Shows Great Promise for Growing Hemp In a time when there seems to be little good news in agriculture, hemp is offering farmers hope. The hemp-derived CBD market is projected to top $23 billion by 2023. At the farm level, it could potentially lead to over $40,000 per acre in revenue, according to ...
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FAA investigating loose engine problem on United Airlines flight The Federal Aviation Administration is investigating what caused part of an engine on a United Airlines plane to come loose after takeoff. The Boeing 737 was scheduled to fly from Denver to Orlando, Florida, on Sunday, but returned and landed safely in ...
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Amazon reportedly wants to put its Go cashierless technology in Regal theaters and other stores Amazon might be slowing down the expansion of its own Amazon Go locations, but the company is in talks to license out the technology that powers those cashierless stores to other retailers. Per a new report from CNBC, Amazon has discussed the possibility ...
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Activists occupy Amazon office and put giant Jeff Bezos head on Whole Foods roof Jeff Bezos is looming over San Francisco. Literally. A group of animal rights activists mounted a 15-foot tall version of the CEO's head atop the 24th Street San Francisco Whole Foods Monday morning, calling attention to the Amazon-owned chain's work with ...
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Here's how to get your free mediocre pizza from California Pizza Kitchen As a New Yorker, I firmly believe that the barbecue-chicken-topped and shrimp-scampi-covered pies that California Pizza Kitchen sells are adamantly not pizza. (WTH is a tostada with lettuce and beans doing on a pizza crust??) Despite that deeply held and ...
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Investors Shouldn't Panic Over Trump's Reported Threat to Delist Chinese Stocks When it comes to finding advantages in the U.S.-China trade war, the U.S. shouldn't cut off its nose to spite the face. Leo Sun. Sep 30, 2019 at 12:46PM. U.S.-listed Chinese stocks slumped last Friday after several media outlets, all citing unnamed sources, ...
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Thor Industries Shares Soar on Fourth-Quarter Profit Beat Shares of recreational-vehicle maker Thor Industries (THO - Get Report) rose nearly 17% Monday after the company reported fiscal fourth-quarter profit that beat analysts' estimates. The stock was up around 16.92% at $57.19 on Monday. Download Now: To ...
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Concern major banks will not pass on full savings from expected interest rates cut The major banks are tipped to pocket any savings from today's expected cut in official interest rates despite calls to pass it on to customers. Experts believe the Reserve Bank will cut interest rates from 1 per cent to a record low 0.75 per cent but there is ...
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'As difficult as possible': You now must be 21 to buy cigarettes, vapes and other tobacco products in Maryland In an effort to prevent young people from getting hooked on tobacco and nicotine, Maryland is raising the age to buy cigarettes, cigars and vaping products to 21, effective Tuesday. "The goal is to make it as difficult as possible for our young people to have ...
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PMC Bank crisis: MD's confession letter reveals how HDIL loans went undetected by auditors, RBI It took a bunch of senior bank officials, thousands of dummy accounts and over ten years of misreporting to execute probably the biggest case of skulduggery at an Indian cooperative bank. Initial inspection showed that 44 accounts were replaced by 21,049 ...
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Dova Pharma To Be Bought By Swedish Orphan Biovitrum (RTTNews) - Dova Pharmaceuticals Inc. (DOVA) announced Monday that it has entered into an agreement to be acquired by Swedish Orphan Biovitrum AB or Sobi. The total potential consideration would be $29 per share, or up to $915 million on a fully ...
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Woman appears to key Tesla, its onboard motion-capturing cameras record the whole thing BROOMFIELD, Colo. (KCNC/CNN) - Police are looking for a woman who was caught on video, appearing to key a Tesla Model 3 in a school parking lot. Typically, these types of crimes are hard to investigate because there is little evidence left at the scene.
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Palm oil from conserved rainforest in Indonesia's Sumatra sold to major brands, says forest group Environmentalists say the damage caused by the production of palm oil, a common ingredient of biodiesel, is unacceptable. (Photo: AFP/Chaideer Mahyuddin). 30 Sep 2019 09:50AM (Updated: 30 Sep 2019 10:00AM ) ...
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